Petra Diamonds Limited has announced the appointment of Mrs Varda Shine and Bernard Pryor to its Board as Independent Non-Executive Directors, with effect from 1 January 2019. These appointments have been made in accordance with the Nomination Committee's three year Succession Plan which is in line with Petra's development from a phase of intensive capital expenditure and expansion to a focus on steady-state operations. In addition, the Company is further reviewing and optimising the composition of the Board, board committees and senior management structures as well as addressing improving diversity at the higher levels of the business. Further announcements to this end will be made during the course of FY 2019.Petra's Chairman, Adonis Pouroulis said, “It gives me great pleasure to welcome Varda and Bernard to the Board. Their significant experience and expertise in both the mining sector and the diamond world will be a considerable asset to our Board and we look forward to working with them. Today's announcement demonstrates the solid progress the Board has made in its Succession Plan and we expect to be in a position to make further announcements with regards to Board composition later in FY 2019."

Taking positive leads from the global marketNSE 0.00 % and wedding season buying by local jewellers and retailers, gold prices recovered by Rs 80 during the week in the bullion market. Silver too staged a co...

Multi Commodity Exchange has opened new delivery centres for gold in Chennai, Hyderabad, Kochi, Kolkata and Bengaluru. These delivery centres will be in addition to the existing facility in Mumbai and Delhi....

Over nine kg of smuggled gold worth Rs 3 crore was seized in West Bengal's Siliguri area and one person was arrested, an official said on Sunday.
Officers of Directorate of Revenue Intelligence (DRI) from Sil...

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he Gem & Jewellery Skill Council of India in association with The Gem & Jewellery Export Promotion Council and the Gem & Jewellery Domestic Council organised an apprenticeship roadshow at the Park Hotel, Kolka...

A fancy vivid pink diamond just shy of 19 carats—formerly known as the Pink Legacy diamond—was sold to US-based Harry Winston for 50.4 million Swiss francs ($50.2 million) last night (Nov. 13) in Geneva. Accor...